Developing SEC requirements and market pressure push E&P companies to meet ESG disclosure demands.
Thanks to technological advancements, the oil and gas industry has the tools to drastically curb methane leaks. Project Canary Co-founder and CEO Chris Romer is now urging those with the power and capital to make a difference to step up.
A White House official said earlier on July 19 that Biden has made it clear that if the Senate did not act on climate change, he will. “We are considering all options and no decision has been made,” the official said on condition of anonymity.
The proposal faced immediate backlash from Alberta, Canada’s main oil-producing province, which said the federal government cannot act unilaterally to meet emissions targets.
The Oil and Gas Methane Partnership 2.0 Initiative is dedicated to reducing methane emissions and improving emissions reporting transparency in the oil and gas industry.
Cheniere’s request could carry some weight in the Biden administration as it is one of a handful of companies that advises a White House and EU-backed task force developing a plan to wean EU countries off Russian gas.
Pipeline operators have shown leadership in trying to curb emissions, including initiatives in planning CO₂ lines.
Eric Schaeffer, executive director of the Environmental Integrity Project and former EPA enforcement chief, said the Supreme Court decision will force “EPA back to drawing board.”
The court’s 6-3 ruling restricted the EPA’s authority to regulate greenhouse-gas emissions from existing coal- and gas-fired power plants under the landmark Clean Air Act anti-pollution law.
In an exclusive interview with Hart Energy, Shidan Gouran, chairman of BlueSphere Carbon, discusses the emerging role of carbon offsets and credits, and how companies are applying the toward their net-zero ambitions.